First Financial Northwest (NASDAQ:FFNW) Raised to Hold at StockNews.com

First Financial Northwest (NASDAQ:FFNW) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

First Financial Northwest Stock Down 1.2 %

NASDAQ FFNW opened at $21.36 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. First Financial Northwest has a 52 week low of $20.10 and a 52 week high of $23.50. The stock has a market capitalization of $197.15 million, a P/E ratio of 194.20 and a beta of 0.53. The stock has a fifty day moving average of $21.67 and a 200-day moving average of $22.09.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. First Financial Northwest had a return on equity of 0.66% and a net margin of 1.31%. On average, equities research analysts forecast that First Financial Northwest will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFNW. Western Standard LLC bought a new position in shares of First Financial Northwest during the 3rd quarter valued at about $5,368,000. State Street Corp lifted its stake in First Financial Northwest by 2.7% in the third quarter. State Street Corp now owns 87,417 shares of the bank’s stock valued at $1,969,000 after buying an additional 2,312 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of First Financial Northwest in the third quarter valued at approximately $789,000. Allspring Global Investments Holdings LLC bought a new stake in First Financial Northwest in the 4th quarter valued at $603,000. Finally, Empowered Funds LLC lifted its position in First Financial Northwest by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock valued at $481,000 after acquiring an additional 1,072 shares in the last quarter. 55.00% of the stock is owned by institutional investors and hedge funds.

First Financial Northwest Company Profile

First Financial Northwest, Inc operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest-bearing accounts, interest-bearing demand accounts, money market accounts, savings accounts, and certificates of deposit.